What are Units in Sports Beting?

What are Units in Sports Beting? Image

One of the most common questions amongst newcomers is about the “unit.” It is a hugely common term within the community, and it’s very common for people that are just starting in this niche not to know about it.

Units are a basic term in the sports betting world – it is used to make reference to the size of your bet. It is hugely used because it is an easy way to refer to the amount of money that someone is currently handling. Everyone is managing a different amount in their bankroll; hence, this term helps other bettors know how much are they earning or losing in general.

As everyone in the sports betting community place wagers based on their own means, the term “unit” has been expanded throughout the community over the years. It is an easy way we have to compare ourselves to another player without getting too lost.

For instance, if Person A has a different financial background than Player B, they still can track and keep up with each other’s success via units.

You can assume that units then have a fixed value. It is solely based on how much you bet on games. For instance, if person A bets twenty dollars on a game, then their unit would be $20.

Choosing the right unit size

This matter shouldn’t be that complicated. As it was mentioned above, every person has a different financial background; hence, you should only pick how much you want to bet based on your preferences and your current capacities.

When someone starts getting serious about betting, they’ll probably begin to start a “bankroll.” A common size for these funds is $1,000, although this amount varies depending on the person. Websites often advice you to wager only 3% of your bankroll to avoid big loses. If we take the previous amount as an example, you’d be betting $30 on each event you play.

However, if we talk about casual bettors, then it is another story. If you’re a casual bettor, you shouldn’t be worrying about how much you’ll spend in betting in the long term – unless you’re considering taking this more seriously and not like a hobby.

Our advice is to set a unit you feel comfortable with based on your current financial situation.

Calculating units

Even if you’re new to the sports betting scene, you should know that odds are everything. For instance, let’s say that you’re placing a bet on Team A, which has -6.5 at -110. If the spread is covered, you will win, but the sportsbook will take 10% of what you win as it is indicated by the second number.

Hence, you’ll earn less than the total value of your unite if Team A happens to win that match. For instance, if what you wagered was $20, you will take home $18.8.

Still, some people don’t like dealing with such annoying numbers. We don’t have to deal with pennies anymore as everything is digitalized – hence, it is strongly advisable to bet using even numbers and a bit more of what your unit actually is. For instance, betting $22 will make you earn exactly $20, which is equal to 1.1 units.

Although this is not something universal for all players, it is an excellent way you can use to keep track of your wins way easier.

Are units actually used?                        

Yes and no. Not everyone uses the term, especially if they’re new players. They’ll just bet whatever they feel like it. It is often recommended to stick to the bet you’re size you’re used to avoid problems in the long term.

Of course, your bet size may vary over time. However, using the units to measure how much you’ll spend is way too dangerous if you don’t know how to manage your finances.